Astrelis
Home health agency · Iowa City, IA

PHYSMED HOME HEALTH CARE

CCN 167438Johnson CountyLatest FY 2023
Historical record. CMS lists this CCN as terminated (voluntary - merger/closure). No successor CCN is recorded. The financials below are the historical results reported under this number and are excluded from current peer comparisons and state counts.
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read

A home health agency in Iowa City, IA. It ran an operating loss of 44.6% in FY23 on $1.7M of operating revenue. It held 12 days of cash on hand. Only a single comparable reporting year is available, so trend context is limited.

Days cash on hand · FY23
12d
all sources
vs home health agencies
Total operating revenue · FY23
$1.7M
vs home health agencies
Operating margin · FY23
-44.6%
vs home health agencies
Total margin · incl. nonoperating · FY23
-44.5%
vs home health agencies

Where PHYSMED HOME HEALTH sits among home health agencies

Operating margin · FY24 pool · n = 6,394 of 8,555 filed

Each point is one home health agency in the national distribution for this provider type, placed by operating margin. Facilities are not matched on size, case mix, or market — that is the matched-peer comparison in the paid benchmark. The home health agency median is +4.1%. Descriptive context only, not a ranking.

-20%-10%0%+10%+20%home health agency median +4.095%PHYSMED HOME -44.56%-20%0%+20%home health agency median +4.095%PHYSMED HOME -44.56%
One home health agencyPHYSMED HOMEhome health agency median

The money

$ thousands · HCRIS cost-report basis · as filed, QA-gated

Ratios tell you how this home health agency is doing. Statements tell you what kind of organization it is, and where the money comes from. Every figure below traces to a public cost-report filing, shown as filed. A ratio renders only when every input is reported in the filing; a year missing its core lines is not shown; a year whose balance sheet does not reconcile is labeled. Not audited by Astrelis.

Operating margin
-44.6% (FY23)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
-44.5% (FY23)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
12d (FY23)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
Not reported in this filing
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
-126% (FY23)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not reported in this filing
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line itemFY21FY22FY23
Patient revenue7511,0411,660
Total operating revenue7511,0411,660
Total operating expenses1,4162,2132,399
Operating income(665)(1,171)(739)
Operating margin %-88.5%-112.5%-44.5%
Other non-operating, net4800
Net income(617)(1,171)(739)
Net income %-77.2%-112.5%-44.5%
HCRIS CMS-1728 cost report · $ thousands · FY19–FY23 · operating revenue reflects net patient service revenue · FY20–21 may include COVID-era relief funding

How it operates

quality & operational context · CMS public reporting

The metrics this home health agency type is judged on: care quality, patient experience, and scale. Each is labeled by evidence class and public source; descriptive context only, never a ranking or adequacy claim.

Total visits
2,561
Verified fact2023
HCRIS CMS-1728
Total episodes
159
Verified fact2023
HCRIS CMS-1728
Unduplicated patients
122
Verified fact2023
HCRIS CMS-1728
Cost per visit ($)
936.69
Verified fact2023
HCRIS CMS-1728
Medicare revenue share
25.0%
Verified fact2023
HCRIS CMS-1728

Trajectory

Cost-report basis · 5 reporting years
Operating margin
-99.0%-88.6%-44.6%FY19FY20FY21FY22FY23
Days cash on hand
38 days8 days3 days12 daysFY19FY20FY21FY22FY23

The county this home health agency serves

Johnson County, IA
Median household income
$74.7K
vs $82.1K US · $59.7K rural median
Poverty rate
16.7%
vs 12.5% US · 14.3% rural median
Uninsured
5.1%
vs 8.6% US · 8.4% rural median
Age 65+
12.9%
vs 16.8% US · 20.6% rural median
Fair or poor health
14.2%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 5.1% of county personal income is Medicare/Medicaid medical benefits; 13.3% arrives as government transfers (BEA, 2022).
Opportunity screen · FY22
$497K

of annual opportunity identified against peer medians across 1 measure

Directional, conservative band. Arithmetic against matched-peer medians from public filings, not a projection; public data cannot fully control for patient acuity.
FY22 has not yet reached pool validity: benchmarked against the FY23 pool (n=5,836).
See what's behind this number in the Performance Benchmark →

Home Health Performance Benchmark$2,500Founding Edition

Where this facility is underperforming its matched peer cohort and what that gap is worth, measure by measure. Founding Edition: delivered within 30 days of eligibility confirmation, full refund if the published scope cannot be delivered.

build aa21187 · 2026-07-27